Key Market Indicators
Latvian exports of works of art are expected to reach nearly $863 million by 2026, up 1.7% annually from 2021's $758 million. Since 1999, Latvian supply has dropped 6.6% year on year. In 2021, Latvia ranked 69th globally, behind Chile at $758 million. The United Kingdom, Switzerland and France respectively placed 2nd, 3rd, and 4th in the ranking. Latvian imports of works of art are projected to hit $628 million by 2026, decreasing 1.6% annually from 2021's $670 million. Since 1999, Latvian demand has decreased 19.9% year on year. In 2021, Latvia ranked 76th worldwide, behind Jamaica at $670 million. The United Kingdom, Switzerland and the United Arab Emirates respectively placed 2nd, 3rd, and 4th in the ranking.